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Q&A: Your Guide to Crypto Taxes in 2022

Blockchain Bylines

CHAPTER

Using Bit Coins to Buy Other Assets

So, ah, so let's con ut the distinction between saxon and cripto. But by your right, lot of people are not used to paying taxes when they aft. You don't receive cash in handd. If youre spending a crypto crancitu by a cup of coffee, you would have to pay liberal taxes undrethe dispersion of the the coit has appreciated. So effectively, i'm starting, like a new cost basis for etheorium, and i'm closing out my bit coin trade. And that's for every crypto to crypto swap. Definitely a little bit of a departure from a traditional finance, but i guess that's the exciting new

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